- Code STAT6043
- Unit Value 6 units
- Offered by Rsch Sch of Finance, Actuarial Studies & App Stats
- ANU College ANU College of Business and Economics
- Course subject Statistics
- Areas of interest Actuarial Studies
- Academic career PGRD
- Abhinav Mehta
- Mode of delivery In Person
- Co-taught Course
Second Semester 2016
See Future Offerings
This course develops actuarial techniques for the valuing of policies which depend on contingent events concerning uncertain lifetimes. Topics include principal forms of heterogeneity within a population and the ways in which selection can occur; definition of simple assurance and annuity contracts; development of formulae for means and variances of the present values of payments; evaluating expected values and variances of simple insurance and annuity contracts; description and calculation of net and gross premiums and provisions for various insurance contracts; and cash flow models and profit tests, extended to multiple decrements and multiple state models.
Upon successful completion, students will have the knowledge and skills to:Upon successful completion of the requirements for this course, students should have the
knowledge and skills to:
Demonstrate an in depth understanding of and effectively implement techniques to
• Mortality and selection
• Life assurance contracts and life annuity contracts.
• Evaluation of assurances and annuities.
• Reserves and policy values.
• Mortality profit and extra risk.
• Increasing insurances and with-profit policies.
• Increasing annuities and applications of reserves.
• Multiple life functions and insurances and annuities involving two or more lives.
• Contingent and reversionary benefits.
• Accounting for cash flows contingent on competing risks.
• The formation and us of profit tests
See the course outline on the College courses page. Outlines are uploaded as they become available.
In-class quizzes 30%
Final exam 70%
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Requisite and Incompatibility
See Course Outline: http://ecocomm.anu.edu.au/courses/outline/STAT6043.pdf
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
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Offerings, Dates and Class Summary Links
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Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|8544||18 Jul 2016||29 Jul 2016||31 Aug 2016||28 Oct 2016||In Person||N/A|